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-oriented economy. japan began sending aid and loaned over the years. the japanese prime minister had inflamed tensions after he took office in 2001 with annual business to the shrine in tokyo that honored the war dead and war criminals. china's economy grew year after year. members of the olympic committee underscored the emergence when they named beijing host of the summer games. two years later, china passed japan to be the world's second largest economy. a chinese fishing collided with japanese patrol vessels in thes en kaku islands. the collision parked widespread protests and angered many japanese. a recent survey suggests animosities are running high. the poll put anti-chinese sentiment at 84%, a record high. 65% of chinese respondents expressed negative views of japan. >> those figures suggest they will be challenged to mend relations, but an expert said it may not be as difficult size it appears. >> japan and chiba have been close are than before. we have thousands of years of relationships, but now is the best in a sense that economic exchange and people to people exchange and the le
in august grew to the highest level in more than four years. the slowdown in china's economy is taking on a toll on australian exports of iron ore and coal. officials at the australian bureau of stamm sticks announced it rose to $2 billion. looking in detail, exports fell to about $25 billion. that's down around 12% from a year ago in australian dollar terms. imports stood at about $27 billion. that's up 6% from the previous year based on a similar australian dollar comparison. last month the australian government downgraded the estimates of annual exports of iron ore due to the decline and demand from china am. >>> japan's new finance minister is it urging the passage of the >>> a japanese mining company has succeeded in extracting shale oil for the first time in the nation. a technician of the japan petroleum exploration showed black crude oil in a plastic at the oil and gas field in akita prefecture on oil. shale oil is contained in hard rock layers deep underground. engineers started to drill on monday pumping acid 1800 meters into the ground to dissolve the hard bedrock. they will
of economy, tray, and industry, which was promoting atomic energy. the japanese government has given the nra a mandate to create an organization that will regulate power companies effectively and independently. for more on this story i spoke earlier to nhk world's hajime okada. what's different about the nuclear regulation authority? >> the nra is designed to be independent from the government, a stage that's defined by law. its members were appointed by the prime minister. also, some members include a former ambassador to the united nations and a seismologist as well as experts in the field of nuclear energy and radiation. >> will this be enough to guarantee the nra's independence? >> not really. the nra is now under the umbrella of the environment ministry. this means politicians and bureaucrats will still have influence because they control the agency's budget. and that issue is a composition of the nra's task. more than 80% of its employees come from previous regulatory bodies. to prevent conflicts of interest, the government says nra employees will be prohibited from moving or returning
the world's fastest aging country and its economy is struggling with deflation. aiming at retirees are among the few sectors and growth. now some companies are going one step further. >> reporter: having your portrait taken for your own funeral might be strange to some, but in japan it's part of a range of services targeting the growing population of retirees. >> translator: i want to leave behind an enhanced picture of myself. my own favorite shot. >> reporter: people over the age of 65 have increased by more than 1 million over the past year. they make up almost one quarter of the japanese population. a proportion that's steadily on the rise. this wave of retirees was born during japan's post-war baby boom between 1947 and 1949. funeral homes, attorneys, are having an exhibition. experts provide advice on the cost of funerals, graves, and related services. this is a comic book handed out for free to all visitors. it describes how much money you need to conduct a funeral. visitors have the opportunity of lying down in a coffin. they learn about the variety of models offered by funeral homes
the economy. the reserve bank of australia is worried about the fallout from slowing growth in the world. the rba decided on tuesday to lower the benchmark rate by 0.25 percentage points to 3.25% effective on wednesday. over the past five mos, it has cut the rate by a total of one percentage point. in a statement, governor glen stevens expressed concerns about the effects of austerity programs in europe and slower growth in china, which is australia's major iron ore importer. he said the country's labor market has softened somewhat and that its growth outlook for next year has become a little weaker. >>> the u.s. federal reserve chief says he'll keep pumping money into the economy. chairman ben bernanke says this round of quantitative easing will continue until he sees an improvement in the job situation. >> we would continue securities purchases and employ other policy tools until the outlook for the job market improves substantially in a context of price stability. >> bernanke said the country's economy is improving but not fast enough to reduce unemployment. fed officials decided last
and territory are being threatened by other countries. and our economy is struggling with prolonged deflation and the higher yen. we need to solve these problems and create a stronger and more affluent japan. that is my mission. >> people in tokyo have expressed mixed feelings about abe's re-election. >> translator: i was for abe, but to be honest i'm surprised he actually got elected. i hope he'll do good work. >> translator: when i look back, i can't expect much from him. >> translator: i'm concerned. abe might not be capable of dealing with diplomatic issues. >>> abe comes from a political family. his grandfather was prime minister, too. shinzo abe was the youngest prime minister of the postwar era. he took office at the age of 52. he visited china and south korea during his tenure and tried to improve relations. abe's grandfather nobusuke kishi led japan in the late 1950s. into 1960. his father shintaro abe served as a foreign minister. abe promised to use his experience to revise the constitution and to reform education. so abe has a lot of political know-how and a profile. shery ahn spo
Search Results 0 to 5 of about 6